STORY OF THE WEEK
Digital transformation on Prague’s office market

Story of the week

15
Aug
2018

Digital transformation on Prague’s office market

by Ákos Budai
One of the most active developers of Prague’s office market is ready to embrace the digital transformation and is actively looking at new projects and new locations. Alexandra Tomášková, Managing Director of Skanska Property Czech Republic talked to Property Forum about changing tenant needs, digitisation and market expectations.
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Hotel

20
Aug
2018

Airbnb in Prague grows rapidly

by Property Forum
New research from Colliers International and Hotelschool The Hague reveals that despite many countries recently introducing legislation to restrict the use of Airbnb, the hospitality service continues to grow in five main European cities – London, Amsterdam, Berlin, Madrid and Paris.
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Apex Alliance to invest €90 million in four Bucharest hotels Radisson set to open new hotel in Gdansk Orbis expands its Romanian portfolio

Career

15
Aug
2018

RICS welcomes new members in CEE

by Property Forum
RICS has recently welcomed over 70 newly qualified professionals who have recently joined in Central & Eastern Europe, as a result of membership assessments held in Bucharest, Budapest, Prague and, for the first time, in Sofia.
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JLL Slovakia names new Head of Valuation JLL strengthens Slovakian business with Tétris Colliers consolidates Czech operations with ThreeSixty

Investment

15
Aug
2018

Amundi Czech Republic buys Prague office building

by Property Forum
Amundi Czech Republic has completed the acquisition of the company holding the property Polygon office building at Pankrác in Prague for its KB realitní fond 2. The property was sold by Mint Investments. Cushman & Wakefield facilitated the transaction.
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OTP fund buys Budapest office-retail complex HB Reavis sells Warsaw buildings to Savilss IM Skanska sells Budapest office project to Erste fund

Industrial

15
Aug
2018

Six cities dominate Romania’s logistics market

by Property Forum
The local industrial and logistics stock exceeded the 3 million sqm threshold, reaching 3.12 million sqm at the end of H1 2018, according to Romania's Industrial & Logistics Market H1 2018 report by Cushman & Wakefield Echinox. Almost 90% of the current stock is concentrated in Bucharest and in five other cities - Timisoara, Cluj-Napoca, Ploiesti, Brasov and Pitesti.
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Continued boom on Poland’s warehouse market Czech industrial market fuels ahead Prologis develops third park in Poznan

Report

15
Aug
2018

Office and retail mix well in Bucharest

by Property Forum
Bucharest’s Floreasca/Barbu Vacarescu area is the most valuable fusion between retail and office spaces. According to Colliers International Romania, for every 1,000 sqm of offices, there is 35-40 sqm of retail space. In total, in the Floreasca/Barbu Vacarescu area, there is about 10,000 sqm of such spaces at the ground floor of the office buildings, with the rents generated by these holding a share of 4-5% of the total cashed in by landlords.
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Many deals postponed to H2 2018 in Romania Poland leads the way in CEE real estate transparency PM services are key to employee satisfaction

Office

13
Aug
2018

Czech regional office markets grow rapidly

by Property Forum
In H1 2018, gross take-up on the office markets of Brno and Ostrava reached 45,600 sqm and 18,900 sqm, respectively, representing a significant yearly increase in both cities.The Regional Research Forum announced the Brno and Ostrava office market figures for H1 2018.
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Supply gap persists on Warsaw’s office market WeWork commits to Warsaw New appointment for C&W in Warsaw

Retail

08
Aug
2018

Regional retail stock expands in Romania

by Property Forum
Retail deliveries in Romania will return to a positive trend in the second half of 2018, when at least 90,000 square meters will be delivered in four cities, with no openings scheduled for Bucharest, according to Cushman & Wakefield Echinox.
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Savills to manage M7’s Polish shopping centre Ploiesti Shopping City invests €1 million in food court Rapid growth on Poland's retail market

Interview

28
Jun
2018

Online retailers will need to get used to higher rents

by Ákos Budai
One of the most active industrial and logistics developers of the region has announced major expansion plans for Hungary this year. CTP hopes to increase the value of its Hungarian portfolio to €320 million by the end of 2018 from the current €250 million. Rudolf Nemes, CTP’s Country Manager for Hungary talked about changing tenant needs and challenges on the labour market.
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Robots won’t be able to fully replace valuers Chinese and Korean investors target Prague actively Prague and Warsaw lead the way in student housing

Residential

19
Jun
2018

AFI Europe launches Bucharest residential project

by Property Forum
AFI Europe Romania broke ground this month on AFI City, the first large-scale residential project to be developed by the company in Romania. TGC was assigned as the general contractor for the first phase of the project.
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New residential developer enters Bucharest Echo Investment to launch apartment rental platform Hagag fuels ahead in Bucharest

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